Some facts about the transaction behind bitcoin’s pizza holiday that are overlooked.
Pizza Day holds a special place in the history of bitcoin by marking the first recorded instance of bitcoin being used as a medium of exchange, or money. On this day in 2010, two people – Laszlo Hanyecz and Jeremy Sturdivant – agreed to exchange two Papa John’s pizzas for 10,000 BTC. Today, bitcoin miners, investors, and developers around the world celebrate this event with pizzas of their own (hopefully purchased with far fewer bitcoins than Hanyecz paid).
But this article takes a closer look at the transaction between these two early bitcoin adopters and uncovers some interesting mining factoids and bits of on-chain data about the event that aren’t commonly discussed. Here’s a short list of some fund pizza day mining facts.
Final thought: spending 10,000 BTC on a couple pizzas or losing 500,000 BTC on an old hard drive were both instrumental in making bitcoin what it is today.
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